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U.S. medical technology company Stryker announced the opening of a financial services center in the country, through which it will support its operations in the region.

From the statement of the Costa Rican Coalition of Development Initiatives:

San José, Costa Rica. November 5, 2018.Stryker, one of the world’s leading medical technology companies, announced it will open an office in Costa Rica, as it creates a hub for finance activities and services.

Because of the hike in interest rates in the United States, several banks in Panama are already increasing mortgage rates by between 0.25% and 0.50%.

According to representatives of the Banking Association of Panama (ABP), the increase in mortgage loans is mainly due to the upward adjustment that interest rates are experiencing worldwide, which will affect the Panamanian market in the short and medium term.

During the second quarter of 2018 the amount of electronic payment services provided amounted to $10.455 billion, 21% more than in the same period in 2017.

Payment services offered by the Central Bank of Nicaragua were channeled mainly through the Nicaraguan InterBank Electronic Payments System (SINPE), with transactions amounting to 323,569.7 million córdobas (93.7 percent of the services offered by the BCN), reported the institution.

During the first quarter of 2018, the amount of electronic payment services provided totaled $16,254 million, 62% more than in the same period in 2017.

The Central Bank of Nicaragua reported that within the operations of electronic payments made in the first three months of the year, "... most are transactions in the BCN (88.7% of the total), although the ACH shows significant growth (131% in relation to the first quarter of the previous year)."

In Costa Rica in the past seven years the number of financial transactions carried out using digital banking almost doubled, going from 64 million in 2010 to 151 million in 2017.

From a statement issued by the Costa Rican Banking Association:

April 2018.The use ofdifferent digital banking channels offered by financial entities to Costa Ricans (Internet banking, mobile banking, telephone banking) which allow them to carry out transactions without having to visit the bank's offices, has seen steady growth in recent years. The Statistical Report on the National Payment System 2017, by the Central Bank of Costa Rica (BCCR), confirms that the number of transactions went from 64.2 million in 2010 to 150.8 million in 2017.

The IMF believes that the financial stability framework is not well prepared to handle a potential systemic financial crisis without seriously compromising fiscal resources.

In a review carried out late last year, the International Monetary Fund identified serious vulnerabilities in the pension sector, secondary markets and crisis management mechanisms and stated that they need to be taken care of immediately.

In 2017, money transfers made in Costa Rica through the Sinpe Móvil service added up to $34 million, 140% more than in 2016.

According to figures from the Central Bank "...In 2017, this service showed the highest growth in terms of quantity with 140.4% compared to 2016, being the service that showed the highest growth rates since its launch in May 2015."

For six-month term savings in colones, the Central Bank in Costa Rica is offering a return of 8.10%, a rate that is higher than that available at commercial banks.

In order to attract money from savers in colones in six months terms, the rates currently offered by financial institutions are 8.10% in the case of the Central Bank (Banco Central), 6.85% at Banco Nacional, 6.75% at Banco de Costa Rica and 6.40% in Promérica.

In 2017, the amount of electronic payment services provided totaled $40.510 billion, which represented about three times the value of Nicaraguan GDP.

In 2017 the value of transactions increased by 15.6% with respect to 2016, behavior explained mainly by a greater dynamism in the operations of the Automated Clearing House (ACH), as these grew by 198%, while BCN operations did so by 7.8%.

The activities that contributed most to the economic growth were Hotels, Bars and Restaurants, Financial Services, and Agriculture.

According to preliminary results of the Dominican economy during 2017, published by the Central Bank, "... the activities that contributed most to the growth of the economy were hotels, bars and restaurants (6.8%), financial services (6.2%), agricultural (5.9%), Free Zones (5.5%), Transportation and Storage (5.1%), Construction (3.7%), Local Manufacturing (3.0%) and Commerce (3.0%)."

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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...